Aeon Consulting Acquires Office Building On Central Street, Salem For $250,000
20 Central Street, Salem, Massachusetts, USA
$250,000
$183/SF
Building Size
1,363 SF
Asset Type
Office
Closing
Jun 30, 2020
AI
Located at 20 Central Street in Salem, MA, this office property was recently sold in a transaction that took place on June 30, 2021. The asset spans 1,363 square feet and is situated in a prime location. The sale price for this property was $250,000, resulting in a price per square foot of $183. The seller, Hooper Holding, LLC, was represented by David Hark, while the buyer, Aeon Consulting, was represented by Amilton (Milton) Baptista from Keller Williams Boston Metro.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $250,000
- Address: 20 Central Street, Salem, MA
- Square Footage: 1,363
- Seller: Hooper Holding, LLC
- Seller's Representative: David Hark
- Buyer: Aeon Consulting
- Buyer's Representative: Amilton (Milton) Baptista - Keller Williams Boston Metro
This successful transaction underscores the strong demand for office spaces in the Salem, MA area. Both the buyer and seller were able to negotiate a final sale price of $250,000, with a price per square foot of $183. This deal was facilitated by Amilton (Milton) Baptista from Keller Williams Boston Metro who represented the buyer, Aeon Consulting. David Hark acted as the seller's representative for Hooper Holding, LLC. The purchase of this office property offers Aeon Consulting a strategic location to establish or expand their operations.
Players
Salem Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
63.45%
Cash-on-Cash
-18.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93